SB One Bancorp Buyback
OLI recorded this information on 2/1/2019
Company: |
SB One Bancorp |
Buyback: |
SBBX buyback |
Share Amount Authorized: |
470,000 |
Buyback Details: |
SB One Bancorp (the "Company") (Nasdaq: SBBX), the holding company for SB One Bank, announced that its Board of Directors has authorized a common stock repurchase program, which will become effective on February 1, 2019 (the "Repurchase Program"). Under the Repurchase Program, the Company may repurchase up to 470,000 shares of its outstanding common stock, or approximately 5.0% of its currently outstanding common stock. The Repurchase Program will expire on January 22, 2020, unless completed sooner or otherwise extended. Stock repurchases under the Repurchase Program may be made through open market and privately negotiated transactions, at such times and in such amounts as the Company's management deems appropriate in accordance with applicable rules and regulations of the Securities and Exchange Commission. The timing and actual number of shares repurchased will depend on a variety of factors, including price, corporate and regulatory requirements and other market conditions. |
SB One Bancorp is a bank holding company. Through its subsidiary, SB One Bank (the Bank), Co. conducts a commercial banking business, and provides services including personal and business checking accounts and time deposits, money market accounts and savings accounts. Co. engages in a range of lending activities and provides commercial, consumer, mortgage, home equity and personal loans. Through the Bank's subsidiary, SB One Insurance Agency, Inc., Co. operates a general insurance agency, providing both commercial and personal lines of insurance. Co. has two business segments, banking and financial services and insurance services. Co.'s service area includes New Jersey and New York.
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